Noida | July 2, 2026:
Highlights
- Funding: ₹1.8 crore seed round led by Inflection Point Ventures (IPV).
- Participants: Angel investors Nitin Agarwal (Ex-GlobalBees) and Shivam Mishra (String Ventures).
- Products: Medical-grade heat-therapy devices under the hCore range (10 SKUs).
- Growth: 100%+ YoY growth; monthly revenue scaled nearly 4x (~290%) heading into May 2026.
- Certifications: ISO 13485, CDSCO Class B, BIS.
- Operations: 12,000 sq. ft. manufacturing facility in Noida, team of 40+.
- IPV Track Record: Invested ₹900+ crore across 280+ startups, backing 16 in Q1 2026.
Funding Announcement
Heatronics, a preventive pain-management and wellness brand, has raised ₹1.8 crore in seed funding led by Inflection Point Ventures. The funds will be used to:
- Strengthen marketing and branding initiatives.
- Upgrade manufacturing facilities.
- Expand channel networks.
About Heatronics & hCore Range
- Manufactures medical-grade heat-therapy and recovery devices with a fully Indian, vertically integrated supply chain.
- hCore range: Ergonomically designed devices for targeted pain relief, developed from 500+ customer conversations.
- Features:
- NTC sensor for steady, even warmth (avoiding hot/cold patches).
- Automatic shut-off for safety during sleep.
- Available via Amazon, Shopify D2C, Blinkit, and general trade.
- Competes against costly imports and unbranded local products, manufacturing at below-China costs.
Vinay Bansal, CEO & Founder, Inflection Point Ventures: “What stood out was the founders’ deep understanding of consumer needs and ability to translate insights into clinically compliant products. Combined with capital-efficient manufacturing and strong execution, Heatronics is building category-defining ranges like hCore. We are delighted to support the company as it enters its next phase of growth.”
Hargun Singh Chawla, Founder & CEO, Heatronics: “Wellness is one of India’s biggest unsolved problems, and it can’t be fixed with imported products built for other bodies and markets. At Heatronics, we’re building medical-grade recovery devices in India, for India—proprietary, certified, and made here. IPV backed that India-first conviction, and this round lets us take it to scale.”
Founder Background
- Hargun Singh Chawla, Founder & CEO – Computer Science Engineer from Delhi Technological University (DCE).
- Previous roles at Amazon and Adobe across healthcare, payments, and returns in India and Canada.
Market Opportunity
- India:
- OTC painkiller market: $2.25B (2024), growing at ~9% annually.
- Pain-management devices projected to reach $336M by 2030.
- 60% of Indians self-medicate; structured recovery solutions remain unbranded.
- Elderly population expected to double by 2050 (153M → 347M).
- Global:
- Heat therapy market: $1.42B (2021) → $2.43B (2031).
- Hot-and-cold therapy: $1.7B (2026) → $3.6B (2036) (7.8% CAGR).
- Sports recovery tech: $3.1B (2025) → $10.5B (2033) (9.5% CAGR).
- Global wellness economy: $6.8T (2024) → $9.8T (2029) (~11.3% CAGR in India).
About Heatronics
Founded in December 2022 by Hargun Singh Chawla, Heatronics Medical Devices Pvt. Ltd. is a Noida-based manufacturer of medical-grade heat-therapy and recovery devices.
- Preventive pain-management and wellness brand.
- Fully Indian supply chain with in-house IP.
- Among the few ISO 13485- and CDSCO-licensed Indian companies building wellness devices domestically at below-China cost.
About Inflection Point Ventures (IPV)
Inflection Point Ventures is an angel investing platform with 23,500+ CXOs, HNIs, and professionals investing together in startups.
- Invested ₹900+ crore across 280+ startups.
- Launched Physis Capital, a $50M CAT 2 VC fund for Pre-Series A to Series B startups.
- Strong pipeline of deals in advanced stages.
